This paper provides an empirical assessment of the impact of rising gas and carbon prices on European electricity prices. Using a comprehensive data set of hourly power market data of 14 European countries, we estimate the impact of gas and carbon prices on electricity prices for the years 2018...

This paper provides an empirical assessment of the impact of rising gas and carbon prices on European electricity prices. Using a comprehensive data set of hourly power market data of 14 European countries, we estimate the impact of gas and carbon prices on electricity prices for the years 2018...

The European Union's plan for climate neutrality by 2050 reopens the question of the role carbon pricing can and should play. Carbon pricing should not - and ultimately cannot - only be an enforcement tool or backstop that ensures targets are met, while the heavy-lifting of decarbonisation comes...